Stronger Sell Today ARTNA ranks #3918 as SELL CANDIDATE. Weaker Sell
Today ARTNA ranks #3918 as SELL CANDIDATE.

ARTNA stock Artesian Resources Corporation

ARTNA stock
Artesian Resources Corporation

April 24, 2019
Change -0.85%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will ARTNA stock price go up or down on Thu, 25 Apr 2019?

Artesian Resources Corporation Forecast and Stock Analysis

Technical ARTNA stock analysis for April 24, 2019.

Sell candidate since 2019-04-22 Gain 1.59%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.07
ROA 2.79

Artesian Resources Corporation fell by -0.85% in the last day from $35.35 to $35.05 The price has fallen in 5 of the last 10 days and is down by -3.36% for this period. Volume has increased in the last day by 3 630 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 14 003 shares bought and sold for approximately $490 805.00.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ARTNA stock was $35.05. This is 0.85% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.52% from a day low at $34.44 to a day high of $35.31.

30 day high of the ARTNA stock price was $38.20 and low was $34.32.
90 day high was $40.97 and low was $34.26.
52 week high for the Artesian Resources Corporation - $40.97 and low - $32.27.

Trend

Artesian Resources Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with 90% probability hold a price between $32.90 and $39.08 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Artesian Resources Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $35.26 and $37.27. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Artesian Resources Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".

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A sell signal from a double top formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should fall by -0.79% to $34.52 within 2 trading days since signal was issued (Thursday April 25, 2019).

Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Artesian Resources Corporation finds support from accumulated volume at $34.63.

Support: $34.63 Price: $35.05 Resistance: $39.06

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.87 (2.52%) between high and low. For the last week, the stock has had a daily average volatility of 2.87%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today ARTNA ranks #3918 as SELL CANDIDATE. Weaker Sell
Today ARTNA ranks #3918 as SELL CANDIDATE.